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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Terreno Realty Corp is the larger business by last-quarter revenue ($137.5M vs $105.5M, roughly 1.3× CARRIAGE SERVICES INC). Terreno Realty Corp runs the higher net margin — 115.1% vs 11.6%, a 103.4% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 8.0%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs 1.0%).
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
CSV vs TRNO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $137.5M |
| Net Profit | $12.3M | $158.2M |
| Gross Margin | 34.8% | — |
| Operating Margin | 23.3% | — |
| Net Margin | 11.6% | 115.1% |
| Revenue YoY | 8.0% | 32.6% |
| Net Profit YoY | 24.5% | 107.9% |
| EPS (diluted) | $0.76 | $1.54 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $105.5M | $137.5M | ||
| Q3 25 | $102.7M | $116.2M | ||
| Q2 25 | $102.1M | $112.2M | ||
| Q1 25 | $107.1M | $110.4M | ||
| Q4 24 | $97.7M | $103.7M | ||
| Q3 24 | $100.7M | $99.6M | ||
| Q2 24 | $102.3M | $94.2M | ||
| Q1 24 | $103.5M | $85.0M |
| Q4 25 | $12.3M | $158.2M | ||
| Q3 25 | $6.6M | $103.4M | ||
| Q2 25 | $11.7M | $93.3M | ||
| Q1 25 | $20.9M | $48.1M | ||
| Q4 24 | $9.9M | $76.1M | ||
| Q3 24 | $9.9M | $36.6M | ||
| Q2 24 | $6.3M | $35.7M | ||
| Q1 24 | $7.0M | $36.1M |
| Q4 25 | 34.8% | — | ||
| Q3 25 | 35.3% | — | ||
| Q2 25 | 35.2% | — | ||
| Q1 25 | 35.3% | — | ||
| Q4 24 | 34.4% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.2% | — | ||
| Q1 24 | 36.0% | — |
| Q4 25 | 23.3% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 18.8% | — |
| Q4 25 | 11.6% | 115.1% | ||
| Q3 25 | 6.4% | 88.9% | ||
| Q2 25 | 11.5% | 83.1% | ||
| Q1 25 | 19.5% | 43.6% | ||
| Q4 24 | 10.1% | 73.4% | ||
| Q3 24 | 9.8% | 36.8% | ||
| Q2 24 | 6.1% | 37.9% | ||
| Q1 24 | 6.7% | 42.4% |
| Q4 25 | $0.76 | $1.54 | ||
| Q3 25 | $0.41 | $1.00 | ||
| Q2 25 | $0.74 | $0.90 | ||
| Q1 25 | $1.34 | $0.47 | ||
| Q4 24 | $0.62 | $0.78 | ||
| Q3 24 | $0.63 | $0.37 | ||
| Q2 24 | $0.40 | $0.37 | ||
| Q1 24 | $0.45 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7M | $25.0M |
| Total DebtLower is stronger | — | $943.3M |
| Stockholders' EquityBook value | $254.8M | $4.1B |
| Total Assets | $1.3B | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $25.0M | ||
| Q3 25 | $1.2M | $26.2M | ||
| Q2 25 | $1.4M | $128.4M | ||
| Q1 25 | $4.6M | $156.5M | ||
| Q4 24 | $1.2M | $18.1M | ||
| Q3 24 | $1.3M | $243.7M | ||
| Q2 24 | $1.5M | $182.0M | ||
| Q1 24 | $1.7M | $649.6M |
| Q4 25 | — | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $254.8M | $4.1B | ||
| Q3 25 | $242.1M | $4.0B | ||
| Q2 25 | $235.4M | $3.9B | ||
| Q1 25 | $223.1M | $3.9B | ||
| Q4 24 | $208.6M | $3.7B | ||
| Q3 24 | $198.1M | $3.6B | ||
| Q2 24 | $187.9M | $3.4B | ||
| Q1 24 | $179.6M | $3.4B |
| Q4 25 | $1.3B | $5.4B | ||
| Q3 25 | $1.3B | $5.3B | ||
| Q2 25 | $1.3B | $5.0B | ||
| Q1 25 | $1.3B | $4.9B | ||
| Q4 24 | $1.3B | $4.8B | ||
| Q3 24 | $1.3B | $4.6B | ||
| Q2 24 | $1.3B | $4.5B | ||
| Q1 24 | $1.3B | $4.4B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.22× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $14.1M | $271.9M |
| Free Cash FlowOCF − Capex | $6.2M | — |
| FCF MarginFCF / Revenue | 5.9% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 1.15× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.1M | $271.9M | ||
| Q3 25 | $24.7M | $79.5M | ||
| Q2 25 | $8.1M | $60.6M | ||
| Q1 25 | $13.8M | $61.4M | ||
| Q4 24 | $9.3M | $232.7M | ||
| Q3 24 | $20.9M | $70.0M | ||
| Q2 24 | $2.2M | $64.3M | ||
| Q1 24 | $19.7M | $47.0M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $18.0M | — | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | $4.9M | — | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $-1.4M | — | ||
| Q1 24 | $16.2M | — |
| Q4 25 | 5.9% | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 15.6% | — |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 1.15× | 1.72× | ||
| Q3 25 | 3.76× | 0.77× | ||
| Q2 25 | 0.69× | 0.65× | ||
| Q1 25 | 0.66× | 1.28× | ||
| Q4 24 | 0.94× | 3.06× | ||
| Q3 24 | 2.11× | 1.91× | ||
| Q2 24 | 0.34× | 1.80× | ||
| Q1 24 | 2.83× | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSV
| Propertyand Merchandise | $47.8M | 45% |
| Cemetery Interment Rights | $24.8M | 23% |
| Merchandise | $18.9M | 18% |
| Other Revenue | $10.2M | 10% |
| Other | $3.9M | 4% |
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
